M&A Deal Summary

Accel-KKR Acquires Reapit

On October 9, 2017, private equity firm Accel-KKR acquired software company Reapit

Acquisition Highlights
  • This is Accel-KKR’s 26th transaction in the Software sector.
  • This is Accel-KKR’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-10-09
Target Reapit
Sector Software
Buyer(s) Accel-KKR
Deal Type Buyout (LBO, MBO, MBI)

Target

Reapit

Solihull, United Kingdom
Reapit is a software provider to estate agents and lettings agents. Its combined CRM platform (RPS) for sales, lettings, property management and client accounts has won numerous industry accolades. Reapit has underpinned its software with a strong service and training ethos which has helped to attract and retain many brands including: countrywide, savills, knight frank, romans, marsh & parsons, CBRE and Winkworth to name just a few. Reapit was founded in 1997 and is based in Solihull, United Kingdom.

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Buyer(S) 1

Buyer

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.


DEAL STATS #
Overall 52 of 123
Sector: Software M&A 26 of 55
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 33
Country: United Kingdom M&A 4 of 11
Year: 2017 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 Siigo

Cundinamarca, Colombia

Siigo is a provider of accounting and administrative software for small and medium-sized companies. Company serves over 100,000 clients and more than 15,000 accountants. Their solutions include accounting, payroll, invoicing, inventory management and as well manages the finance, accounting and administrative aspects of small and mi-sized businesses. Siigo was founded in 1988 and is based in Cundinamarca, Colombia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-03 InfoMC

Conshohocken, Pennsylvania, United States

InfoMC is a provider of clinical and financial management software for chronic illness care coordination and wellness. InfoMC was founded in 1994 and is based in Conshohocken, Pennsylvania.

Buy -